BlackRock Inc. Buys Shares of 3,950,701 Caleres, Inc. $CAL

Key Points

• BlackRock acquired 3,950,701 Caleres shares worth approximately $48.9 million, giving it an 11.76% stake. Institutional investors and hedge funds collectively own 98.44% of the company.
• Analysts have a cautious outlook: Wall Street Zen and Zacks downgraded Caleres to “hold,” while Weiss Ratings maintained a “sell” rating. The stock carries an overall “Reduce” consensus rating.
• Caleres reported quarterly revenue of $666.6 million and adjusted earnings of $0.38 per share, slightly exceeding estimates, and announced a quarterly dividend of $0.07 per share, equivalent to a 2.3% yield.

BlackRock Inc. bought a new stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,950,701 shares of the textile maker's stock, valued at approximately $48,870,000. BlackRock Inc. owned approximately 11.76% of Caleres at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAL. The Manufacturers Life Insurance Company lifted its stake in Caleres by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker's stock valued at $151,000 after buying an additional 693 shares in the last quarter. Barclays PLC increased its position in Caleres by 1.0% during the fourth quarter. Barclays PLC now owns 90,762 shares of the textile maker's stock worth $1,105,000 after buying an additional 926 shares in the last quarter. Franklin Resources Inc. increased its position in Caleres by 5.6% during the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker's stock worth $231,000 after buying an additional 1,007 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock worth $25,000 after acquiring an additional 1,879 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Caleres by 5.8% in the second quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker's stock valued at $427,000 after acquiring an additional 1,926 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen cut Caleres from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research lowered shares of Caleres from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Caleres in a research note on Friday, June 5th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Caleres in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Caleres currently has an average rating of "Reduce".

Caleres Stock Down 2.1%

Shares of CAL opened at $12.22 on Tuesday. Caleres, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $16.14. The company's fifty day moving average is $12.76 and its two-hundred day moving average is $12.43. The firm has a market cap of $410.47 million, a PE ratio of -1,220.78 and a beta of 0.76.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The business had revenue of $666.60 million during the quarter, compared to the consensus estimate of $662.63 million. During the same period in the prior year, the firm posted $0.22 EPS. The business's revenue for the quarter was up 8.5% on a year-over-year basis. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. As a group, equities research analysts anticipate that Caleres, Inc. will post 1.63 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, September 11th. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. Caleres's payout ratio is presently -2,800.00%.

Caleres Company Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company's operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.

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